NUI Galway President, Dr Jim Browne has expressed his sadness at the news of the passing of former Canadian Finance Minister, The Honourable James M. Flaherty.
Jim Flaherty was conferred with an Honorary Doctorate of Laws at NUI Galway on 29 June 2012, in recognition of his key role as Minister for Finance in steering Canada through the tumult of the Great Recession.
Canada, with a well-regulated banking system, was the first major industrial economy to recover its pre-crisis levels of output and jobs. This achievement, guided by Jim Flaherty, was all the more remarkable given the deep recession in the United States, Canada’s main trading partner.
Dr Jim Browne said “Jim Flaherty was a man of huge vitality and energy. Throughout his long tenure as Canadian Finance Minister, he advocated balanced economic growth, built on a foundation of rigorous regulation. He championed the cause of Ireland both within the IMF and as Chair of the G7, when few others had the courage to do so. His loss will be deeply felt in the West of Ireland, his ancestral home.”
On behalf of NUI Galway and on a personal level, I extend sincere condolences to his wife Christine and their three sons.
Ar dheis Dé go raibh a anam dilís.